XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 31, 2023
Oct. 31, 2022
Current assets    
Cash and cash equivalents $ 157.7 $ 147.1
Trade accounts receivable, net of allowance 682.7 749.1
Inventories:    
Raw materials 298.3 316.0
Finished goods 89.4 87.3
Assets held for sale 4.5 1.3
Prepaid expenses 54.3 57.3
Other current assets 156.5 141.3
Total current assets 1,443.4 1,499.4
Long-term assets    
Goodwill 1,647.0 1,464.5
Other intangible assets, net of amortization 745.6 576.2
Deferred tax assets 11.0 10.1
Pension asset 55.2 30.8
Operating lease assets 268.1 254.7
Finance lease assets 31.6 1.2
Other long-term assets 147.2 178.0
Total long term assets 2,905.7 2,515.5
Properties, plants and equipment    
Timber properties, net of depletion 228.9 226.8
Land 157.4 154.8
Buildings 542.4 515.1
Machinery and equipment 2,107.0 1,968.3
Capital projects in progress 197.8 182.9
Properties, plants and equipment, gross 3,233.5 3,047.9
Accumulated depreciation (1,709.1) (1,592.9)
Properties, plants and equipment, net 1,524.4 1,455.0
Total assets 5,873.5 5,469.9
Current liabilities    
Accounts payable 505.8 561.3
Accrued payroll and employee benefits 124.7 174.4
Restructuring reserves 16.3 12.3
Current portion of long-term debt 88.3 71.1
Short-term borrowings 1.8 5.7
Current portion of operating lease liabilities 51.9 48.9
Current portion of finance lease liabilities 3.3 0.9
Other current liabilities 159.1 173.3
Total current liabilities 951.2 1,047.9
Long-term liabilities    
Long-term debt 2,081.4 1,839.3
Operating lease liabilities 220.1 209.4
Finance lease liabilities 28.9 0.2
Deferred tax liabilities 336.2 343.6
Pension liabilities 60.6 58.0
Postretirement benefit obligations 7.1 7.2
Contingent liabilities and environmental reserves 19.2 19.0
Long-term income tax payable 25.6 25.6
Other long-term liabilities 99.4 109.6
Total long-term liabilities 2,878.5 2,611.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 55.0 15.8
Equity    
Common stock, without par value 207.2 173.5
Treasury stock, at cost (281.9) (205.1)
Retained earnings 2,299.7 2,095.2
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (272.0) (316.5)
Derivative financial instruments 59.3 72.8
Minimum pension liabilities (64.0) (58.6)
Total Greif, Inc. shareholders’ equity 1,948.3 1,761.3
Noncontrolling interests 40.5 33.0
Total shareholders’ equity 1,988.8 1,794.3
Total liabilities and shareholders’ equity $ 5,873.5 $ 5,469.9